We are proposing to replace the example Statement of Advice (SOA) in the current RG 90 with a new example SOA for scaled advice (i.e. personal advice that is limited in scope) about life insurance for a new customer, and to update the guidance in RG 90 to reflect this change.

This paper attaches the draft updated RG 90. We are seeking your feedback on the proposed updates and, in particular, the new example SOA.